Income Tax Planning: SRS vs CPF Cash Top-ups

[RadX]

UOB SRS has their promo out aldy

[RadX]

On 11/11/2021 at 10:20 PM, awhtc said:

I figured out that for someone with significant passive income, IRAS will come back to reclaim quite a lot of income tax when you start withdrawing SRS. CPF top up is more useful in this case for the tax saving especially when you are in your 40s to early 50s.

but have limit lo

 

CPFB | What are the changes to the tax relief cap for cash top-ups?

 

https://www.cpf.gov.sg/member/faq/growing-your-savings/retirement-sum-topping-up-scheme/what-are-the-changes-to-the-tax-relief-cap-for-cash-top-ups

[BanCoe]

1 hour ago, RadX said:

UOB SRS has their promo out aldy

whats the deal ???

[RadX]

1 minute ago, BanCoe said:

whats the deal ???

I last checked my name NOT google

[Wt_know]

[deleted]

Edited August 25, 2022 by Wt_know

[RadX]

Before anyone start new thread… I put here first 😂😂

[RadX]

Cannot help but think of @Soya when I see this cartoon😂

[Stary]

When I was working last time, I have no idea what is SRS or how to utilize it.. There are not many resources on it.

Now plenty of resources about SRS. Plenty of platforms to invest SRS monies. But I have already retired.

Just not fated with SRS. .😆

 

Edited December 18, 2024 by Stary

[Volvobrick]

On 12/18/2024 at 9:57 PM, Stary said:

When I was working last time, I have no idea what is SRS or how to utilize it.. There are not many resources on it.

Now plenty of resources about SRS. Plenty of platforms to invest SRS monies. But I have already retired.

Just not fated with SRS. .😆

 

Never did any SRS myself too... 

[Throttle2]

On 12/18/2024 at 11:12 PM, Volvobrick said:

Never did any SRS myself too... 

same, bo chup, never done it